Moody's affirms New Hanover Regional Medical Center's 'A1' rating

Moody's Investors Service has affirmed the "A1" rating on Wilmington, N.C.-based New Hanover Regional Medical Center's outstanding debt, affecting approximately $289 million.

The rating affirmation is based on a number of factors, including NHRMC's leading market share and its track record of improving financial performance.

NHRMC also faces several challenges, including the hospital's geographic concentration and liquidity measures that are weaker than higher rated peer organizations.

The rating outlook is stable, reflecting Moody's expectation that NHRMC will continue to generate strong cash flow, allowing it to support higher planned capital spending.

More articles on credit ratings:
Fitch assigns 'AA-' rating to UPMC's bonds
Moody's affirms Children's Hospital and Health System's 'Aa3' rating
Moody's revises Main Line Health System's outlook to positive

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